The Only Seafood Processing Stock Is Breaking Out And RestingThere's resistence going back 5 years that has been broken and now the stock is resting on top of it. The price refuses to break below the 50% Fib level of the total chart pattern. Double bottom was put in during 2020. Now it's in a bit of a megaphone pattern, easily moving between $10 and $13 (and then maybe back down again?).
As far as I can tell this is the only pure play seafood processing stock that you can get on the OTC. High Liner own a ton of brands in North America and their parent company Clearwater Seafood is the largest shellfish producer in North America.
Rising commodity prices and increased transportation costs are arriving hand-in-hand with soaring demand as lockdowns end, putting value into established suppliers of commodities. This is one to watch.
